Pikeville, Pike County, Kentucky Property Taxes

Name: Property Tax Bills Across Pikeville, Pike County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Pikeville, KY effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Pikeville, KY home value: $32,000
Median annual Pikeville, KY tax bill: $301, $2,099 lower than the national median property tax bill of $2,400.

How are property taxes in Pike County calculated?

Property taxes in Pikeville, KY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Pikeville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pikeville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Pikeville, Pike County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$438

$407

Ownwell’s Pikeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pikeville with just two data points.

By entering your property's estimated assessed value, our calculator applies Pikeville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Pike County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pikeville, Pike County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Pikeville, located in Pike County, KY, the effective property tax rate stands at 1.37%, which is significantly higher than the national median property tax rate of 1.02%. This means that property owners in Pikeville might find themselves paying more in property taxes compared to the national average. However, when compared to other regions in Kentucky, Pikeville's tax rate is consistent with the state’s median. Understanding these rates can empower property owners to make informed decisions about their investments and potential tax liabilities. For those looking to manage or potentially reduce their property tax burden, consulting with experts can provide valuable insights and strategies tailored to individual circumstances.

Property Tax Rates Across Pikeville, Pike County, Kentucky

Source: Ownwell

0.72%

1.07%

1.43%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Pikeville Tax Rate

1.37%

Median Effective Pike County Tax Rate

1.37%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pikeville, Pike County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41501	0.19%	0.51%	1.37%	1.49%	1.90%

Source: Ownwell

Property Tax Assessment Values Across Pikeville, Pike County, Kentucky

When examining property taxes in Pikeville, KY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Pike County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Pike County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Pikeville. For example, the median home price in Pikeville is $32,000, with tax bills ranging significantly across the county. 41501 has the highest median home price at $32,000.

Property Tax Assessment Values Across Pikeville, Pike County, Kentucky

Source: Ownwell

$15,000

$48,500

$82,000

Median Pikeville Market Value

$32,000

Median Pike County Market Value

$25,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pikeville, Pike County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41501	$2,500	$10,000	$32,000	$71,000	$155,000

Source: Ownwell

Property Tax Bills Across Pikeville, Pike County, Kentucky

In Pikeville, KY, property tax bills are calculated based on the assessed value of a home. The median home price in Pikeville is $32,000, significantly lower than the national median, which influences the overall tax bill. Homeowners in Pikeville typically see tax bills ranging from $68 at the 25th percentile to $1,616 at the 90th percentile, with the median tax bill being $301. This is considerably lower than the national median property tax bill of $2,400. Factors such as property location, improvements, and local tax rates are considered in determining the tax bill. For homeowners, these taxes can be a financial burden, especially if the property's assessed value is higher than its market value. Ownwell can assist homeowners by providing property tax appeal services to ensure they are not overpaying. By analyzing the assessed value and comparing it to the market value, Ownwell identifies potential savings and guides homeowners through the appeal process, potentially reducing their tax burden and saving them money.

Property Tax Bills Across Pikeville, Pike County, Kentucky

Source: Ownwell

$89

$541

$993

Median Pikeville Tax Bill

$301

Median Pike County Tax Bill

$205

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Pikeville, Pike County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41501	$48	$68	$301	$799	$1,616

Source: Ownwell